Joseph Dubrof
Senior Vice President, Wealth Advisor
Phone:
(210) 277-4406(210) 277-4406
We have moved to 7600 Broadway St. San Antonio, TX 78209 as of July 23rd, 2022. We look forward to welcoming you to our new office!
The Dubrof Group at Morgan Stanley
Direct:
(210) 277-4406(210) 277-4406
Toll-Free:
(800) 735-1150(800) 735-1150
Our Mission Statement
Our mission is to conduct a comprehensive assessment of your current circumstances, future goals, risk tolerance, and family dynamics to design an asset allocation strategy tailored specifically to your family’s needs. We are dedicated to generational planning and preserving your legacy, helping those who have achieved success to do good for future generations. We are committed to ensuring our recommendations align clearly with your understanding and expectations.
Our Story and Services
As your Financial Advisors, we can help you define and strive to meet your goals by delivering a vast array of resources to you in the way that is most appropriate for how you invest and what you want to achieve. Working together we can help you to preserve and grow your wealth. You’ll have access to some of the world’s most seasoned and respected investment professionals, a premier trading and execution platform and a full spectrum of investment choices.
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
Our Goals-Based Process
Our process focuses on what is important to you, your family and your legacy. Through each step, we provide objective advice and investment insights to construct a wealth management plan that is uniquely yours.
Step 1: Introduction
We begin with an informal discussion to understand your financial concerns and determine how we can add value. If we all agree to move forward, we’ll schedule our next meeting and request important financial information.
Step 2: Discovery
We continue the dialogue by fostering an in-depth conversation where we learn about the values that shape your decisions and identify any unique circumstances. We also review the documents you’ve prepared and define your priorities.
Step 3: Asset Transfer
With your approval, we begin to transfer your assets to Morgan Stanley. Once transferred, we begin our goals-based financial planning process.
Step 4: Analysis & Plan Development
Utilizing proprietary tools and insights from Morgan Stanley, we develop a personalized financial plan that integrates all of your available assets into one integrated plan.
Step 5: Plan Presentation & Implementation
In this step, we present appropriate strategies that are designed to work together to achieve your goals. Upon your approval, we will initiate the investment recommendations and begin to implement the additional strategies we’ve discussed. These often encompass risk management, as well as estate and legacy planning strategies.
Step 6: Ongoing Service
Committed to premium service, we focus on developing a relationship that provides special value to you and your family. As we begin to execute each strategy, we’ll set up tools so you have immediate access to your account information. And because markets and personal needs evolve over time, we set up ongoing meetings to ensure your plan remains on schedule to achieve your goals.
Customized Solutions
As your wealth grows, so does its complexities and the resources needed to manage it effectively. We leverage our experience and relationships to deliver innovative strategies that are tailored to your needs. We look forward to speaking with you to understand your challenges, so we may map out a strategy to achieve your particular priorities and goals.
Wealth Planning
Wealth Planning brings all the dimensions of your life together. We listen carefully to understand the connections across your personal life, your family, your career, and your legacy goals to develop an integrated strategy that is uniquely yours.
401(k) Rollovers
If you have a 401(k) from a previous job, we make it easy to consolidate your assets into one account so you can monitor your progress and investment results all in one place. This helps simplify your financial life, keeps you organized and helps make your money work harder for you.
Life Insurance
Life’s risks can manifest themselves in many ways – from loss of life to loss of health – and have the potential to impair the efficiency of a thoughtfully developed plan. We proactively help address these concerns in a number or ways, ranging from insurance reviews to liquidity strategies.
Business Succession Planning
Owning a business represent years, if not decades, of hard work and entrepreneurial savvy. Yet, even the most astute business owners are often unfamiliar with the complexities that go into a successful succession strategy. We understand your succession in the context of your overall financial picture. We also work closely with your other advisors to help ensure your priorities are reflected in your succession strategy.
Retirement Planning
One of our key areas of strength is helping you prepare for and thrive in retirement. From IRAs to RMDs, we manage the complexities of your comprehensive retirement plan assets, helping you easily transition to the next phase of your life with security and confidence.
Alternative Investments
Morgan Stanley’s global network affords us the ability to offer suitable clients a wide array of alternative investments to consider – from private equities and exchange funds to hedge funds and real estate investments. Our recommendations are based on your own goals and your tolerance for investment risk
Estate Planning Strategies
Delivering an estate to the next generation or favorite charity requires more attention than families often realize. We coordinate with your estate and tax professionals to align your legacy goals with the appropriate asset titling and beneficiary designation requirements, incorporating best practices to help enhance results.
Lending Products
We believe it’s important to consider all aspects of your finances when building your plan for the future. We offer a broad array of lending solutions that work together to complement your existing investment strategy – from flexible lines of credit and home mortgages to state-of-the-art cash management systems.
Managing Your Money In A Digital World
We offer a comprehensive suite of tools to manage your wealth more effectively in today’s busy world. We are happy to assist you in signing up for any of these services.
Total Wealth View
With this service, you can view all your assets and liabilities together – whether held at Morgan Stanley or elsewhere – in one place for a comprehensive overview of your assets.
Digital Vault
The Digital Vault allows you to build a centralized library for all your documents using encryption.
Goals Planning System (GPS)
GPS is our financial planning software. It helps define what you want out of life, so we can create a financial framework to bring these goals to fruition.
Morgan Stanley Online (MSO)
When you sign up for MSO, you can conveniently and securely manage your account online or on your mobile device.
Location
7600 Broadway
Ste 100
San Antonio, TX 78209
US
Direct:
(210) 277-4406(210) 277-4406
Toll-Free:
(800) 735-1150(800) 735-1150
Meet The Dubrof Group
Jody Wilkinson
Financial Advisor Associate, Financial Planning Specialist
Phone:
(210) 277-4457(210) 277-4457
Henry Shackelford
Financial Advisor Associate, Financial Planning Specialist
Phone:
(210) 277-4458(210) 277-4458
Nathan Gonzalez, CFP®
Registered Client Service Associate
Phone:
(210) 366-6618(210) 366-6618
Mary Pat Douglas
Client Service Associate
Phone:
(210) 277-4456(210) 277-4456
About Joseph Dubrof
Joseph Franklin Dubrof is a Senior Vice President and Wealth Advisor with over 30 years of experience helping families pursue their financial goals. Since entering the financial industry in 1995, he has provided personalized wealth management guidance built on trust, experience, and long -term relationships.
Joe holds Series 7, 63 and 65 licenses, as well as options and commodities registrations. A graduate of The University of Texas class of 1990 with a B.B.A. in Business Management, Joe was a small business owner prior to joining the financial services industry, giving him firsthand insight into the needs of entrepreneurs and families.
An active community leader, Joe has served on the boards of the San Antonio Jewish Federation, Santa Rosa Children’s Hospital Foundation, and the Alamo Heights ISD Foundation. He and his wife, Julie, have been married for 37 years and have three adult children: Zach, Jeff and Katie. In his free time, Joe enjoys hiking, golf and spending time with family and friends.
Joe holds Series 7, 63 and 65 licenses, as well as options and commodities registrations. A graduate of The University of Texas class of 1990 with a B.B.A. in Business Management, Joe was a small business owner prior to joining the financial services industry, giving him firsthand insight into the needs of entrepreneurs and families.
An active community leader, Joe has served on the boards of the San Antonio Jewish Federation, Santa Rosa Children’s Hospital Foundation, and the Alamo Heights ISD Foundation. He and his wife, Julie, have been married for 37 years and have three adult children: Zach, Jeff and Katie. In his free time, Joe enjoys hiking, golf and spending time with family and friends.
Securities Agent: WY, IL, OR, OK, MN, FL, CO, ME, TX, OH, NM, CA, NH, NE, NC, IN, GA, WA, CT, VA, SC, MI, MA, KS, IA, AZ, DE, AR, AL, TN, MD, PA, NV, NJ, NY; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1253157
CA Insurance License #: 0C57249
NMLS#: 1253157
CA Insurance License #: 0C57249
About Jody Wilkinson
Since joining the financial services industry in 2006, Jody has been dedicated to helping individuals and families work toward greater financial confidence and long-term success.
Shortly after joining Morgan Stanley, she became part of the Dubrof Group, where she partners closely with Joe to develop customized investment allocations designed to help clients pursue their financial goals.
Jody is responsible for implementing the team’s investment strategies and coordinating the client onboarding process. She is Series 7, 66 licensed and earned her Financial Planning Specialist designation through Kaplan, further strengthening her ability to help clients navigate important financial decisions with thoughtful planning and personalized guidance.
Before entering the financial services industry, Jody built a strong background in accounting, operations, management, and technology through leadership roles with the Houston Chronicle, Radiofone and TEKSystems. These experiences helped shape the strong organizational and client service skills she brings to her role today.
Jody is passionate about building meaningful relationships with clients and takes pride in helping families feel supported, informed, and confident throughout every stage of life. Her commitment to helping others is deeply personal, driven by her belief that thoughtful financial guidance can make a lasting difference for families and future generations.
Shortly after joining Morgan Stanley, she became part of the Dubrof Group, where she partners closely with Joe to develop customized investment allocations designed to help clients pursue their financial goals.
Jody is responsible for implementing the team’s investment strategies and coordinating the client onboarding process. She is Series 7, 66 licensed and earned her Financial Planning Specialist designation through Kaplan, further strengthening her ability to help clients navigate important financial decisions with thoughtful planning and personalized guidance.
Before entering the financial services industry, Jody built a strong background in accounting, operations, management, and technology through leadership roles with the Houston Chronicle, Radiofone and TEKSystems. These experiences helped shape the strong organizational and client service skills she brings to her role today.
Jody is passionate about building meaningful relationships with clients and takes pride in helping families feel supported, informed, and confident throughout every stage of life. Her commitment to helping others is deeply personal, driven by her belief that thoughtful financial guidance can make a lasting difference for families and future generations.
Securities Agent: CA, AK, OH, NC, AR, VA, CO, TX, NE, WY, WA, TN, OK, NV, NM, IN, PA, NY, CT, IA, KY, AL, ME, FL, SC, IL, NJ, KS, DE, OR, MN, MA, GA, AZ, NH, MI, MD; General Securities Representative; Investment Advisor Representative
About Henry Shackelford
Henry Shackelford is a Financial Advisor and Financial Planning Specialist who works with successful families to help them make confident financial decisions and stay focused on what matters most. Henry is committed to clear communication and generational planning to help clients preserve their legacy and support future generations.
He earned his Bachelor of Science in Advertising from The University of Texas at Austin’s Moody College of Communication in 2020 and completed a Master of Science in Finance from the McCombs School of Business in 2022.
Prior to joining Morgan Stanley in 2025, Henry served as a Commercial Banking Analyst at Texas Capital Bank, specializing in C&I lending for middle-market companies across South Texas. This experience helped shape his disciplined, solutions-oriented approach to guiding clients through complex financial decisions.
Henry lives in San Antonio with his wife, Emily, whom he married in January 2024. They are expecting their first child in November 2026. Outside of the office, he enjoys hunting, fishing, and playing golf, and he is an avid sports fan, especially of the Texas Longhorns and the San Antonio Spurs.
He earned his Bachelor of Science in Advertising from The University of Texas at Austin’s Moody College of Communication in 2020 and completed a Master of Science in Finance from the McCombs School of Business in 2022.
Prior to joining Morgan Stanley in 2025, Henry served as a Commercial Banking Analyst at Texas Capital Bank, specializing in C&I lending for middle-market companies across South Texas. This experience helped shape his disciplined, solutions-oriented approach to guiding clients through complex financial decisions.
Henry lives in San Antonio with his wife, Emily, whom he married in January 2024. They are expecting their first child in November 2026. Outside of the office, he enjoys hunting, fishing, and playing golf, and he is an avid sports fan, especially of the Texas Longhorns and the San Antonio Spurs.
Securities Agent: AK, WA, NJ, CO, AR, ME, TN, OK, OH, NY, MI, MD, KS, IN, FL, PA, MA, WY, OR, NM, IL, CA, VA, TX, SC, NE, NC, IA, NV, NH, DE, CT, AL, KY, MN, GA, AZ; General Securities Representative; Investment Advisor Representative
About Nathan Gonzalez
Nathan Gonzalez is a Registered Client Service Associate with the Dubrof Group in San Antonio. He has held the CERTIFIED FINANCIAL PLANNER™ designation since 2023 and supports clients and advisors with a focus on delivering a high-quality service experience.
Prior to joining Morgan Stanley, Nathan worked as a Financial Advisor at CAPTRUST. He earned both a Master of Science and a Bachelor of Science in Personal Financial Planning from Texas Tech University.
Born and raised in San Antonio, Texas, Nathan met his wife in high school and reconnected with her years later over a piece of art. Outside of work, he enjoys exercising, music, and spending time with friends and family.
Prior to joining Morgan Stanley, Nathan worked as a Financial Advisor at CAPTRUST. He earned both a Master of Science and a Bachelor of Science in Personal Financial Planning from Texas Tech University.
Born and raised in San Antonio, Texas, Nathan met his wife in high school and reconnected with her years later over a piece of art. Outside of work, he enjoys exercising, music, and spending time with friends and family.
About Mary Pat Douglas
Mary Pat Douglass joined Morgan Stanley in January 2026 following five years of working in commercial banking at PlainsCapital Bank in Austin, where she built a strong foundation in financial analysis and services. She thoroughly enjoys collaborating and working with others.
Mary Pat was born and raised in Houston, TX where the majority of her family still resides. She is a proud alumna of the University of Texas at Austin, where she graduated from the McCombs School of Business with a degree in Finance. While at UT, she met her husband, Ford, a San Antonio native.
Outside of work, she enjoys spending time with family, traveling, attending UT football games, getting lost in a good book or TV show, and seeking out new restaurants and great food experiences.
Mary Pat was born and raised in Houston, TX where the majority of her family still resides. She is a proud alumna of the University of Texas at Austin, where she graduated from the McCombs School of Business with a degree in Finance. While at UT, she met her husband, Ford, a San Antonio native.
Outside of work, she enjoys spending time with family, traveling, attending UT football games, getting lost in a good book or TV show, and seeking out new restaurants and great food experiences.
Contact Joseph Dubrof
The Power of Partnerships
By partnering with experienced individuals across wealth disciplines, Morgan Stanley Financial Advisors can align specialized resources with your custom needs and deliver strategic guidance through the familiarity and trust of existing relationships
Will Curran
Private Banker
About Will Curran
Will Curran is a Private Banker serving Morgan Stanley Wealth Management offices in Texas.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Will began his career in financial services in 1987 and joined Morgan Stanley in 2010 as a Private Banker. Prior to joining the firm, he was a Market Manager at Presidio Bank. He also served as a Commercial Banking Director at Citibank.
Will is a graduate of the University of California, where he received a Bachelor of Arts in Psychology. He lives in New Braunfels, Texas with his family. Outside of the office, Will enjoys playing and making guitars, as well as cycling.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
Will began his career in financial services in 1987 and joined Morgan Stanley in 2010 as a Private Banker. Prior to joining the firm, he was a Market Manager at Presidio Bank. He also served as a Commercial Banking Director at Citibank.
Will is a graduate of the University of California, where he received a Bachelor of Arts in Psychology. He lives in New Braunfels, Texas with his family. Outside of the office, Will enjoys playing and making guitars, as well as cycling.
NMLS#: 797351
Private Banking Group (PBG) Market Managers, Senior Private Bankers, Private Bankers, and Associate Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC.
Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Wealth Management
Global Investment Office
Portfolio Insights
Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
A Simple Six-Step Retirement Checkup
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Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Iran Conflict: Seven Takeaways for Investors
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Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
529 Plans: A Powerful Tool to Save for Education
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Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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Philanthropy
Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
- Endowments
- Foundations
- Donor Advised Funds
- Impact Investing
Ready to start a conversation? Contact The Dubrof Group today.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.
1Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
3Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
6Structured Investments are complex and not appropriate for all investors. An investment in structured investments involves risks. These risks can include but are not limited to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality, substantial loss of principal, limits on participation in appreciation of underlying asset(s), limited liquidity, credit risk, and/or conflicts of interest. Many structured investments do not pay interest or guarantee a return above principal at maturity. Investors should read the security’s offering documentation prior to making an investment decision.
7Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
8Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
9Participating in a new issue/syndicate is subject to availability. IPOs are highly speculative and may not be appropriate for all investors because they lack a stock-trading history and usually involve smaller and newer companies that tend to have limited operating histories, less-experienced management teams, and fewer products or customers. Also, the offering price of an IPO reflects a negotiated estimate as to the value of the company, which may bear little relationship to the trading price of the securities, and it is not uncommon for the closing price of the shares shortly after the IPO to be well above or below the offering price.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures | Morgan Stanley
1Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
2When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
3Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.
4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
6Structured Investments are complex and not appropriate for all investors. An investment in structured investments involves risks. These risks can include but are not limited to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality, substantial loss of principal, limits on participation in appreciation of underlying asset(s), limited liquidity, credit risk, and/or conflicts of interest. Many structured investments do not pay interest or guarantee a return above principal at maturity. Investors should read the security’s offering documentation prior to making an investment decision.
7Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.
8Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
9Participating in a new issue/syndicate is subject to availability. IPOs are highly speculative and may not be appropriate for all investors because they lack a stock-trading history and usually involve smaller and newer companies that tend to have limited operating histories, less-experienced management teams, and fewer products or customers. Also, the offering price of an IPO reflects a negotiated estimate as to the value of the company, which may bear little relationship to the trading price of the securities, and it is not uncommon for the closing price of the shares shortly after the IPO to be well above or below the offering price.
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
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Awards Disclosures | Morgan Stanley
CRC 4665150 (8/2025), 4763067 (9/2025)
